Latest ABS news

  • FRTB rule still has bite after Basel waters down risk weights

    JP Morgan researchers on Wednesday flagged the finalized Fundamental Review of the Trading Book (FRTB) rule as only slightly less problematic for securitized products dealers than the original version published by the Basel Committee in 2014, stating that capital requirements were still too burdensome and could lead to whole sectors seeing a drop in issuance.

    • 20 Feb 2019
  • Auto deals dominate midweek ABS pipeline

    A trio of auto ABS deals from CIG Financial, Honda and American Car Center were priced this week, contributing around $1.6bn to consumer ABS issuance.

    • 20 Feb 2019
  • Latham & Watkins hires London partner from Cadwalader

    Latham & Watkins has hired Jeremiah Wagner as a partner in its finance department. Wagner’s practice will focus on advising banks, private equity funds, asset managers, insurance companies, and pension funds on a variety of complex structured finance, securitization, and derivatives transactions.

    • 19 Feb 2019
  • Greene King racked, vented and tapped

    Greene King’s tapped its securitization shelf Greene King Finance on Friday for £250m at 245bp over Gilts, in a deal predicted to "pave the way" for market participants looking to move into the sterling market.

    • 18 Feb 2019
  • California bill opens way to state cat bonds

    Politicians in California have put forward a bill allowing the state to use insurance-linked securities (ILS) to protect itself against natural disasters.

    • 18 Feb 2019
  • EU Parliament calls for ‘brown’ category in green Taxonomy

    Members of the European Parliament are planning to add a controversial ‘non-sustainable’ category to the Taxonomy of Sustainable Economic Activities proposed last year by the EU Commission. Two Brussels sources have told GlobalCapital the Parliament's vote on the issue, scheduled for Wednesday February 20, has been postponed after heavy pressure from corporate lobbyists.

    • 18 Feb 2019
  • Narrow STS escape for Praetura

    Praetura Asset Finance successfully snuck in with its debut securitization just days before the deadline for grandfathering under the new European securitization regulation closed, despite having only recently finished a merger with another asset finance firm.

    • 18 Feb 2019
  • Consumer ABS deal flow strengthens as Vegas bash nears

    It was another busy week for the consumer ABS market, with 10 deals pricing and seven more in the pipeline expecting to be priced next week. The handful of transactions brought year to date volume to $33.98bn, not far from the $34.5bn priced this time last year.

    • 15 Feb 2019
  • People moves in brief

    Santander hires European ABS trading head – Créd Ag shuffles CIB – Liquidnet appoints president

    • 14 Feb 2019
  • Shift to 144A could result in less liquid consumer ABS market

    Consumer ABS issuance has been shifting gradually from publicly registered offerings to 114A private placements since 2014, according to Wells Fargo research published this week. The change in distribution could mean less demand for ABS from investors that need larger, liquid public deals.

    • 14 Feb 2019

ABS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 10,064.23 34 12.48%
2 Barclays 7,915.37 23 9.82%
3 Bank of America Merrill Lynch 7,473.95 24 9.27%
4 JPMorgan 7,314.30 26 9.07%
5 Wells Fargo Securities 6,484.83 25 8.04%